Best PCP Car Deals September 2024
We've rounded up all the best PCP car deals on offer in the UK today.
Personal Contract Purchase (also known as PCP) could allow you to get your hands on a new car without needing to stump up a significant sum of cash all at once.
One of the major selling points of a PCP car finance car deal is that it could mean you can get your hands on a new or nearly new car than you could not otherwise afford. It'll be more reliable than an older car, require less maintenance and, like for like, will be cheaper to run. It'll also likely come with a warranty for ultimate peace of mind.
Something to consider though is that a PCP car finance deal represents a significant long-term financial commitment because you pay for the car over monthly instalments, so it might not be for everyone.
While PCP car finance deals are predominantly offered on new cars, you'll also find them on used cars for sale as well or via a third party plan which you then use to a new or used car.
How does Personal Contract Purchase (PCP) car finance work?
A Personal Contract Purchase (PCP) is essentially a long term financial agreement which usually takes the form of a lump sum deposit followed by smaller monthly payments with the option to buy the car – with a final balloon instalment – at the end of the agreement.
How does a PCP car deal make financial sense for the dealer, manufacturer or finance company? Well, it's because your lump sum and monthly payments cover the cost of the car's depreciation as well as paying the lender a relatively small income on the loan.
It sounds like complicated maths but the FCA (Financial Conduct Authority) requires that everything is clearly broken down when looking at a PCP car deal. So, as well as knowing you're initial deposit, monthly payments and ballon sum final payment, the length of the agreement will also be clearly labelled as will the interest you're paying on the finance, the agreed annual mileage and the cost per mile if you exceed it.
Perhaps the most revealing figure is the offer price – it shows you exactly what you're paying versus the on-the-road price if you were buying the car upfront.
You can check out the latest and best PCP car deals below, while further down the page you'll find more info about PCP deals, from the deposit needed to the optional final payment you can make.
Best PCP car deals in September 2024
Abarth 695 for £302 a month with £4000 deposit contribution
Few cars are better at putting a smile on your face than the Abarth 695, and the price of that fun just dropped thanks to a £4000 deposit conrtibution from the manufacturer. That takes monthly payments down to just £302 for the 75° Anniversario edition.
- Deposit: £3750 (+ £4000 Abarth contribution)
- Monthly payments: 48 x £302 (£14,496)
- Optional final payment: £16,641
- Total payable: £38,563.28
- Mileage per year: 6000
- Representative APR: 6.9%
- Deal ends: 30 September 2024
Audi A3 Sportback for £365 a month
The Audi A3 Sportback is a stylish premium family hatchback with a sporty, sophisticated image. This 40 TFSI e Sport model comes with a generous £4750 Audi deposit contribution, which helps take monthly payments down to £365 over a four-year PCP deal. The annual mileage is a generous 10,000, too.
- Deposit: £6184 (+ £4750 Audi contribution)
- Monthly payments: 47 x £365 (£17,155)
- Optional final payment: £14,307
- Total payable: £42,406
- Mileage per year: 10,000
- Representative APR: 6.9%
- Deal ends: 30 September 2024
Audi Q4 e-tron for £469 per month
Audi's impressive premium electric SUV is one we really like at heycar, even before there's a cracking deal on it. An Audi Q4 e-tron Sport 45 82kWh with metallic paint can be yours for just £469 a month, with a huge deposit contribution of £6750 thrown in.
- Deposit: £8650, plus £6750 Audi contribution
- Monthly payments: 47 x £469 (£22,043)
- Optional final payment: £19,932
- Total payable: £57,385
- Mileage per year: 10,000
- Representative APR: 4.9%
- Deal ends: 30 September 2024
BMW 1 Series for £359 a month
The BMW 1 Series is a sporty hatchback alternative to the Audi A3 Sportback that is great to drive. A 118i version, in choice M Sport trim, can be yours for £359 a month on a four-year PCP, with a low representative APR of 3.9%. This means you pay less overall than the Audi deal above, despite Audi's generous deposit contribution. Indeed, BMW is offering a £750 deposit contribution of its own.
- Deposit: £4588.71 (plus £750 manufacturer contribution)
- Monthly payments: 47 x £359 (£16,875)
- Optional final payment: £13,065.63
- Total payable: £35,277.34
- Mileage per year: 10,000
- Representative APR: 3.9%
- Deal ends: 30 September 2024
BMW iX2 deal for £579 a month
The BMW iX2 is a sporty, all-electric small SUV with striking styling and keen handling. An iX2 dDrive20 in M Sport trim could be yours for £579 a month on a four-year deal, with a low APR of 3.9% and a deposit contribution of £1000 from BMW to give you a hand.
Deposit: £7813.99 (plus £1000 manufacturer contribution)
Monthly payments: 47 x £579 (£27,213)
Optional final payment: £21,167.70
Total payable: £57,194.69
Mileage per year: 10,000
Representative APR: 3.9%
Deal ends: 30 September 2024
BYD Dolphin for £299 a month with 3.5% APR
The BYD Dolphin is an able and affordable new electric car, that is even more accessible thanks to a striking low deposit deal. Pay just £299 up front, with BYD contributing a further £660, and you'll pay £299 a month with 3.5% representative APR. The deal includes two years of free servicing, too.
- Deposit: £299 plus £660 BYD deposit contribution
- Monthly payments: 49 x £299 (£14,651)
- Optional final payment: £12,181.50
- Total payable: £29,184.20
- Mileage per year: 6000
- Representative APR: 3.5%
- Deal ends: 30 September 2024
Cupra Born for £336 a month with 0% APR and £4500 deposit contribution
The Cupra Born is a stylish and fun-to-drive hot hatch with a good battery range, at for £350 per month it's great value. That's the price you can now pick up a Cupra Born V1 58kWh for, with 0% APR and a £4500 deposit contribution from Cupra. What's more, you could upgrade to a Born v2 for just £19 more per month.
- Deposit: £5009.35 plus £4500 Cupra deposit contribution
- Monthly payments: 35 x £336.71 (£11,784.85)
- Optional final payment: £13,870.80
- Total payable: £35,165
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 16 September 2024
Dacia Sandero for £140 a month
The Dacia Sandero is a famously affordable small car and it is now available for a temptingly small monthly payment. The deposit on this deal for a mid-spec Expression TCE 90 model is a manageable £3699, too.
- Deposit: £3699
- Monthly payments: 24 x £140 (£3360)
- Optional final payment: £8390
- Total payable: £15,753
- Mileage per year: 6000
- Representative APR: 4.9%
- Deal ends: 30 September 2024
Dacia Duster for £130 per month
The Dacia Duster is one of the best value cars you can buy and the mid-spec Expression TCE 90 front-wheel drive model will cost you just £130 per month. A great family SUV if you're on a budget.
- Deposit: £4574
- Monthly payments: 24 x £130 (£3120)
- Optional final payment: £11,051
- Total payable: £19,494
- Mileage per year: 6000
- Representative APR: 4.9%
- Deal ends: 30 September 2024
Fiat 600e for £399 a month
The Fiat 600e is a new all-electric car from the famed Italian brand. Unlike the smaller Fiat 500e, the Fiat 600e is focused on families, with five-door practicality and a decent boot. The 600e (Red) trim is available for £399 a month with a low £999 deposit, thanks to a £3000 Fiat e-Grant saving, and just 3.25% APR.
- Deposit: £999, with £3000 Fiat e-Grant saving
- Monthly payments: 47 x £399 (£18,753)
- Optional final payment: £12,995
- Total payable: £32,707
- Mileage per year: 6000
- Representative APR: 3.25%
- Deal ends: 30 September 2024
Ford Explorer for £380 a month with 0% APR
The new Ford Explorer electric SUV is now open for ordering. The first cars will arrive in September and the company is aiming to launch with a bang thanks to an appealing PCP deal with 0% APR. It means those who can find the £9890 deposit, and £380 a month, won't pay a penny in interest over four years.
- Deposit: £9890
- Monthly payments: 48 x £380 (£18,240)
- Optional final payment: £18,545
- Total payable: £46,675
- Mileage per year: 9000
- Representative APR: 0%
- Deal ends: 30 September 2024
Ford Puma for £340 per month
The Ford Puma is one of the very best small family SUVs, and you can now have one outside your home for just £350, with a low rate of APR. That price will get you a Titanium 1.0 125 Ecoboost model with the costs spread over three years.
- Deposit: £3591.46
- Monthly payments: 38 x £350 (£13,300)
- Optional final payment: £11,865
- Total payable: £28,776.46
- Mileage per year: 9000
- Representative APR: 3.9%
- Deal ends: 30 September 2024
Ford Mustang Mach-E for £565 a month
The Ford Mustang Mach-E is an all-electric interpretation of the classic Mustang sports car. This time, it’s a roomy crossover SUV, and a relatively affordable one at that, with monthly payments from £565.52 for the Premium version and a low 1.2% APR, too.
- Deposit: £9440
- Monthly payments: 38 x £565.52 (£21,489.76)
- Optional final payment: £25,961
- Total payable: £56,910.77
- Mileage per year: 9000
- Representative APR: 1.2%
- Deal ends: 30 September 2024
GWM Ora 03 for £215 per month with 0% APR
The GWM Ora 03 (or you may know it by its original name, the Funky Cat) is an electric car packed with personality and charm, and represents excellent value for money. And that’s even more the case with 0% APR, with the deposit made a bit more manageable thanks to a £4000 contribution towards this Pure+ model.
- Deposit: £8683 (+ £4000 deposit contribution)
- Monthly payments: 36 x £215.52 (£7758.72)
- Optional final payment: £12,148
- Total payable: £32,590
- Mileage per year: 8,000
- Representative APR: 0%
- Deal ends: 30 September 2024
Honda e:Ny1 for £359 per month at 0% APR
Honda's very first electric SUV is still pretty new to the market, but you can drive away an Elegance model for less than £360 a month with 0% APR. Honda is also chucking in a whopping £3500 deposit contribution, with a five-year service plan, warranty and roadside assistance thrown in as well.
- Deposit: £5000 (plus £3500 Honda contribution)
- Monthly payments: 36 x £359 (£12,924)
- Optional final payment: £18,931
- Total payable: £40,645
- Mileage per year: 8000
- Represenative APR: 0%
- Deal ends: 30 September 2024
Honda HR-V for £409 a month
The Honda HR-V is a small SUV that has big car space on the inside thanks to clever design and packaging. It has a fuel-saving hybrid engine as standard, with a £409 per month finance deal for the Elegance trim adding further appeal.
- Deposit: £4727.51
- Monthly payments: 36 x £409 (£14,724)
- Optional final payment: £16,525.43
- Total payable: £35,986.85
- Mileage per year: 10,000
- Representative APR: 6.9%
- Deal ends: 30 September 2024
Jaguar F-Pace for £419 per month
One of the sportiest SUVs on the market and great fun to drive, the Jaguar F-Pace can be yours for just £419 a month. You'll need a fairly hefty deposit, but the four-year deal fir a D200 R-Dynamic SE Black 90th Anniversary Edition has a relatively low APR rate of 4.9%, a £1500 deposit contribution and a fairly generous 10,000 miles a year allowance.
- Deposit: £10,803 (plus £1500 finance deposit contribution)
- Monthly payments: 48 x £419 (£20,112)
- Optional final payment: £24,606
- Total payable: £57,021
- Mileage per year: 10,000
- Representative APR: 4.9%
- Deal ends: 30 September 2024
Jeep Avenger for £259 a month
The Jeep Avenger is an exciting new model from the American 4x4 brand, which brings its rugged appeal to the small SUV sector. It's available in EV and hybrid guise, but the most affordable is the 1.2-litre turbo petrol version – made even more appealing with a £259 a month PCP deal that includes a £1000 deposit contribution.
- Deposit: £5140 (+ £1000 Jeep contribution)
- Monthly payments: 47 x £259 (£12,173)
- Optional final payment: £13,727
- Total payable: £32,037
- Mileage per year: 6000
- Representative APR: 7.9%
- Deal ends: 30 September 2024
Lexus RZ for £449 a month with 0% APR and £4000 deposit contribution
The Lexus RZ is a classy, supremely comfortable and top-quality electric SUV, and this offer from Lexus can get one on your driveway for just £449. The offer is for a car with the Premium Pack and includes a £4000 deposit contribution as well as 0% APR.
- Deposit: £12,837 (plus £400 Lexus deposit contribution)
- Monthly payments: 47 x £449 (£21,103)
- Optional final payment: £20,205
- Total payable: £58,145
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 30 September 2024
Mazda MX-30 for £199 per month with 0% APR and £6000 deposit contribution
Mazda's quirky small SUV, the MX-30, is fun-to-drive and is good value at the best of time, but this deal makes it even more appealing. With 0% APR and a whopping £6000 deposit contribution, you could get into a MX-30 Prime-Line model for less than £200 a month.
- Deposit: £5204.42 (+ £6000 Mazda contribution)
- Monthly payments: 47 x £199 (£9,353)
- Optional final payment: £7988
- Total payable: £28,545
- Mileage per year: 6000
- Representative APR: 0%
- Deal ends: 30 September 2024
MG4 EV for £159 per month with 0% APR
We’ve said that the MG4 is the best budget electric car, and when it’s available with 0% APR it’s even more attractive. You can drive around in the SE 125kW 51kWh model for just £159 per month, and if you want the more powerful, longer-range models then they’re just £20, £40 or £120 pounds more each month.
- Deposit: £10,079.50
- Monthly payments: 37 x £159 (£5883)
- Optional final payment: £11,191.50
- Total payable: £26,995
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 30 September 2024
Polestar 2 for £398 a month with 0% APR
The Polestar 2 is a dynamic crossover EV rival to the Tesla Model 3, and a facelift in 2023 made it even more competitive. You can now get a single motor version with the Standard Range battery for £397.92 a month on a 0% finance PCP deal. Other cars in the range are available with 0% APR, too. You'll also get £1000 off the price and a complimentary Plus pack with a Harkan Kardon sound system and panoramic roof worth £4000.
- Deposit: £11,800 plus £150 order deposit
- Monthly payments: 48 x £397.92 (£19,100.16)
- Optional final payment: £13,050
- Total payable: £47,950
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 30 September 2024
Suzuki Vitara for £259 a month
The Suzuki Vitara is a family-friendly SUV on a budget. It's now even more appealing thanks to a £3000 customer saving that takes monthly payments for the 1.4 Boosterjet SZ-T, on a four-year PCP, down to £259. Even the deposit is manageable at just over £5000.
- Deposit: £5227.21
- Monthly payments: 48 x £259 (£12,432)
- Optional final payment: £8916
- Total payable: £26,575.21
- Mileage per year: 8000
- Representative APR: 7.9%
- Deal ends: 30 September 2024
Volkswagen Tourareg with £8000 deposit contribution
Volkswagen's flagship SUV has loads of space, a state-of-the-art infotainment system and offers a very refined and comfortable driving experience. And now Volkswagen will give you a massive £8000 towards one, on a deal with 6.9% APR and a monthly cost of £684.69. This version is for a Black Edition 3.0 TDI model.
- Deposit: £9,909.75 (plus £8000 deposit contribution)
- Monthly payments: 49 x £684.69 (£12,432)
- Optional final payment: £28,539.90
- Total payable: £76,640.08
- Mileage per year: 10,000
- Representative APR: 6.9%
- Deal ends: 30 September 2024
Volvo EX30 for £576 a month with 0% APR and £4000 discount contribution
Volvo currently has a stock of EX30 electric SUVs that its trying to shift, and has offered a decent discount and attractive finance terms to clear them out. As well as a £4000 discount, you can get 0% APR over 48 months. We priced one up with a £3500 deposit and got a monthly rate of £576.56. The deposit is variable if you want to pay or or less up front.
- Deposit: £3500
- Monthly payments: 48 x £576.56 (£27,674.88)
- Optional final payment: £19,880.25
- Total payable: £51,055.01
- Mileage per year: 6,000
- Representative APR: 0%
- Deal ends: 30 September 2024 (or until the stock is gone)
PCP Car Deal FAQs
The initial payment for a Personal Contract Purchase (PCP) used to represent around 10 per cent of the car's value.
However, some recent offers have substanitally reduced that amount, even to the same amount as subsequent monthly payments. Manufacturers sometimes contribute to the deposit though, although be aware that this can typically involve your acceptance of a higher interest rate. To get a good handle on the financial implications, compare the On-The-Road (OTR) price with the Total Amount Payable (TAP) for a clear-cut understanding of the costs.
The lion's share of the expenditure in a PCP car deal agreement comes from the monthly instalments, spread over periods of two to four years. In general, opting for a shorter contract results in reduced interest payments.
The agreed annual mileage limit is crucial as it determines the vehicle's value at the contract's end. Exceeding this limit results in extra charges, typically around 10p per mile. To avoid unexpected costs, it's advisable to set a realistic mileage limit when arranging your agreement. In most PCP car deals, annual mileage is capped at 10,000 miles, but check the terms to ensure this is not less.
At the end of a PCP car deal, a large payment is due if you want to keep the car. This payment is based on how much the car is worth at the end, plus any extra costs – for example, if you went over your mileage limit.
You don't have to make this payment – you can return the car or swap it for a new one. If the car is in really good shape and hasn't been driven a lot, it might be worth more than this final payment, and that extra value can go towards your next car. If you choose to pay and keep the car, you'll be the only owner named on its V5C logbook. But remember, opting to keep the car usually comes with an extra fee.
With a PCP deal, you have to stick to certain rules. For example, you can't drive more than the agreed miles, and you need to service the car on time, as recommended by the manufacturer, and take good care of it. If the car gets damaged, you'll need to fix it before the end of the deal.
It's also a good idea to think about getting Guaranteed Asset Protection (GAP) insurance. This insurance helps cover the cost if your car is written off and it's worth less than what you still owe on the PCP agreement.
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